Partnering to Build Regional Infrastructure

Press Releases

Sep 27, 2010

Sandspring Resources Ltd. Announces C$40,040,000 "Bought Deal" Financing

Sandspring Resources Ltd. (SSP: TSX-V) ("Sandspring" or the "Company") is pleased to announce that it has entered into an agreement with Jennings Capital Inc., GMP Securities L.P. and Mackie Research Capital Corporation as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the "Underwriters") to purchase, on a bought deal private placement basis, 15,400,000 common shares of the Company at a price of C$2.60 per common share, for aggregate gross proceeds of C$40,040,000.